What does the so-called mortgage mean? What is a mortgage loan?

Mortgage loan is a kind of loan business carried out by mortgage. The mortgagor transfers the property rights to mortgage, and the beneficiary, as the repayment guarantor, immediately transfers the property rights involved to the mortgagor after the mortgagor pays off the loan, and the mortgagor enjoys the right to use in this process.

I. Classification of mortgage

1. Mortgage of existing buildings

Borrowers borrow money to buy existing buildings, and use the purchase of existing buildings as collateral.

2. Pre-completed mortgage loan

According to the purchase contract, financial institutions provide mortgage loans to buyers who purchase uncompleted residential flats (buildings that are pre-sold in whole, in layers or units before completion) with the borrower's rights as collateral.

Second, the loan conditions

1, with legal status.

2, a stable income, good credit, the ability to repay the principal and interest of the loan.

3. There are legal and effective contracts and agreements for the purchase and overhaul of houses and other supporting documents required by the loan bank.

4, have purchased (overhaul) housing more than 20% of the total self-raised funds, and ensure that used to pay the down payment of purchased (overhaul) housing.

5. Having assets mortgaged or pledged by the lending bank, or (and) having legal persons, other economic organizations or natural persons with sufficient compensation capacity as guarantors.

Extended data:

Mortgage application materials

1, individual housing loan application

2. Copy of identity documents (resident identity card, residence booklet, military officer's card, passports of overseas and foreign natural persons who have the right of abode in Chinese mainland, family visit cards, home visit cards and other residence documents or other identity documents).

3. The borrower's certificate of stable economic income or other proof of solvency issued by the competent department recognized by the handling bank.

4, the legal purchase (overhaul) of housing contracts, agreements and related approval documents.

5. List of collateral or pledge rights and ownership certificate, certificate of consent to mortgage or pledge issued by the demolished person, and collateral evaluation report issued by an evaluation agency recognized by the loan bank.

6. The written commitment to provide guarantee issued by the guarantor and the credit certificate of the guarantor.

7. The borrower intends to provide pledged bank deposit certificates, voucher-type treasury bonds and other securities to the lending bank.

8. Relevant certificates of self-financing of the borrower's purchase (overhaul) of the house.

9. House sales (pre-sale) license or real estate license (existing house) (copy)

10. If the borrower's spouse and * * * apply for a loan, they should clearly fill in the relevant information of the spouse in the loan application form and show their marriage certificate and household registration book.

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